KVANUM, SWEDEN — Tornum AB has acquired JPT-Industria OY, which offers products for feed handling, fertilizer production, grain handling and eco-efficient energy solutions.
The acquisition expands the offering for both companies and strengthens the market position in the Nordic region.
Although JPT becomes an independent subsidiary within the Tornum Group, expertise and knowledge will be shared across the companies within the group.
Tornum adds new products to JPT’s offering, which enable the company to serve existing and new customers with an even wider range of products.
“We are delighted at the opportunity to acquire JPT-Industria, a company we have followed for a long time,” said Jerker Funnemark, chief executive officer of Tornum AB. “Not only does the acquisition expands Tornum’s existing offering in grain handling and strengthen our common market position in the Nordic region, it also opens up possibilities within closely related customer segments.”
Juha Nisula, CEO of JPT-Industria, added, “We are very happy and pleased to become part of the Tornum family. Through Tornum’s international sales network, JPT has the opportunity to reach new markets and thus grow into a major player abroad as well. Together with Tornum we can continue to offer unique and competitive solutions alongside with leading expertise — perfectly suited to the future cost-effective requirements of the feed, pet food and bioenergy industries.”